Crypto Analyst Sounds Alarm: Bitcoin Bull Run May End by October
The present cycle of Bitcoin’s price growth may be coming to an end. Rekt Capital, a cryptocurrency expert, cautions that if it continues the 2020 trend, this might occur. He made this prediction in a video on Thursday, based on the events of the Bitcoin rise five years prior. According to Rekt, the market is expected to reach its top in October, 550 days after the April 2024 Bitcoin halving, if the cycle of the cryptocurrency follows the 2020 trend.
We have a very small sliver of time and price expansion left. That’s already two to three months potentially that we have left in this bull market,
Rekt Capital
Rekt Capital Criticizes Traders Ignoring Bitcoin Halving Cycles
Rekt admitted that a lot of market players have disregarded the halving cycle and anticipate a potential 2026 cycle extension. He claimed that in order to pursue a new narrative, such as Bitcoin’s relationship to the global M2 money supply, they are ignoring the halving cycle measure.
Many people are happy to throw away time-tested principles out the window, whereas it’s really important to rely on these sorts of metrics because they are not going to sway you as much as throwing everything out the window will.
Rekt Capital
According to CoinMarketCap data, Bitcoin is currently trading at $108,643, slightly below its all-time high of $111,970.
Emotional Trading Could Derail Bitcoin Investors Amid Institutional Surge
According to Rekt, examining new metrics is an emotional response.
It’s an emotional thing as well, and you don’t want emotional things clouding your judgement,
Rekt Capital
However, given the increase in institutional usage of Bitcoin that was absent from earlier cycles, a number of cryptocurrency observers think the usual Bitcoin halving cycle is less dependable now. Although Rekt Capital stresses adhering to established halving cycle metrics, it is impossible to overlook the changing dynamics of the industry. The pricing behavior of Bitcoin is changing due to the increase in institutional use and the expanding impact of macroeconomic factors. Making wise investing decisions as Bitcoin develops may require striking a balance between conventional measurements and emerging market realities.
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